Source Capital
SOR
49 hedge funds and large institutions have $31.9M invested in Source Capital in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $27.6M → $31.9M (+$4.29M)
2% more funds holding
Funds holding: 48 → 49 (+1)
0.36% more ownership
Funds ownership: 5.13% → 5.49% (+0.36%)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$618K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$580K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$480K |
| 4 |
Morgan Stanley
New York
|
+$401K |
| 5 |
SL
Summitry LLC
Foster City,
California
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$620K |
| 2 |
Comerica Bank
Dallas,
Texas
|
-$311K |
| 3 |
Citigroup
New York
|
-$153K |
| 4 |
Goldman Sachs
New York
|
-$135K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$123K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Comerica Bank
Dallas,
Texas
| – | -$311K | -5,000 | Closed |
|
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$123K | -1,983 | Closed |
|
|
MA
53
MUFG Americas
New York
| – | -$93K | -1,500 | Closed |
|
|
CFSG
54
Community Financial Services Group
Newport,
Vermont
| – | -$19K | -300 | Closed |
|
55
Jones Financial Companies
Des Peres,
Missouri
| – | -$1K | -20 | Closed |
|
SOR Hedge Fund Activity: Q4 2013 in Review
49 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2013, worth a combined $31.9M — up 16% from $27.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SOR positions and 6 closed out — a net gain of 1 holder — while 14 added to existing stakes and 14 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $618K. The largest seller was Ameriprise, exiting entirely with an estimated $620K sold.
- 49 institutional investors held Source Capital (SOR) as of Q4 2013, up from 48 in Q3 2013.
- Funds reported $31.9M of Source Capital stock for Q4 2013, up 16% quarter-over-quarter.
- 7 funds opened new Source Capital positions in Q4 2013 and 6 closed out, a net change of +1 holder.
- The largest Source Capital buyer in Q4 2013 was Commonwealth Equity Services, an estimated $618K added.
- The largest Source Capital seller in Q4 2013 was Ameriprise, an estimated $620K sold.
Based on aggregated 13F filings for Q4 2013.